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Friday, May 17, 2013

Premier Announces New Scheme To Get Provincial Economy Moving

"The rocket fuel for economic growth"........That's how Premier David Alward describes innovation. 
 
His government is spending over 7 million dollars on a new innovation fund that will pair small and medium sized companies in the province with scientific research talent. 

Bob Hatheway chairs the New Brunswick Innovation Foundation and tells CHSJ News the aim is to get ideas from the desktop into commercial production so money can be made and jobs created. This is a first for the Foundation which, up until now, has dealt exclusively with start up companies.

The fund will cover as much as 80 per cent of the cost of collaboration up to 80 thousand dollars.